Word: profitable
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...report, the Harvard Bureau gives for the first time typical figures for margin, expenses, and profit per average gross sales transaction. These figures show clearly that stores last year reduced the cost of handling the average transaction. This resulted in part from an increase in the average number of transactions handled per employee. The slightly lower percentages of gross margin on the smaller average sale, however, did not yield sufficient margin to cover even the reduced expenses...
Pools. Any Wall Streeter knows, but few Senators do, how pools are run. Because the risks are great, the pool's sponsor usually invites only his richest friends to form a syndicate. Each shares in the profits (or losses) in proportion to his subscription. Each usually makes a cash deposit for the pool manager to use as margin in his trading operations. Each is pledged to strict secrecy. With dictatorial powers, the pool manager begins accumulating stock, buying a little more each day than he sells. Stock is dumped if the price rises noticeably. When the manager...
...last two days of the pool's active life, Manager Ellsworth dumped 449,000 shares to excited small traders, bought only 210,000. Total transactions on the Stock Exchange for the two days came to 931,000 shares. With the pool's accounts now balanced at 39% profit, the stock slumped immediately to $101. Disappointed "little fellows" dumped what they had bought. Five days later Radio was back to $87.25. Counsel Gray said Broker Meehan had immediately set about forming another pool. Asked whether he had personally investigated the assets and liabilities of Radio Corp., Witness Bragg said...
...payments ceased and BIZ would have had to shut up shop had it been only or mainly the cash register of Reparations. Instead BIZ has never been busier than at present and is today the World Bank. In softly burring Scotch last week BIZ President McGarrah announced a BIZ profit of 15,182,819 Swiss francs ($2.930,000) or 4,000,000 Swiss francs ($772,000) more than last year...
...pictures will show detailed scientific experiments, synchronized with lectures by Chicago professors. Subjects include: the flow of protoplasm in plant & animal life, the excavations of Nineveh and Megiddo, the heartbeat of a dog. Price for the set will be $1,400 including projector. The university will receive no profit beyond publicity. Not intended to take the place of professors or to reduce teaching time, the films are planned as addenda to regular instruction in institutions of limited facilities. Production of the first films will begin immediately. Later, other departments will be filmed...